Another senior staff member has departed from financial services giant AMP.
Pally Bargri — chief risk officer for AMP’s troubled financial services division — announced his resignation via a LinkedIn post on May 15.
He diced to go “having reflected very deeply about how I feel; what’s most important to me and why”.
“I am immensely proud of all that my teams and I have achieved, and the privilege and honour I’ve had of working with some intelligent, committed and loyal people,” Bargri said.
Bargri’s departure is the latest in a spate of resignations after AMP was rocked by multiple allegations, including that it knowingly charged customers fees for no service.
The scandal has claimed the scalps of former CEO Craig Meller, Chairman Catherine Brenner and three other board members.
AMP’s stock price has also taken a battering, and angry investors made their presence felt at last week’s AGM, with a record 61.4% of AMP shareholders voting against the company’s remuneration report.
In his LinkedIn post, Bargri said he didn’t have the skills required to adequately address the challenges AMP now faces.
“And when I think of where I’m personally at, and the energy and commitment the organisation needs from me now, I conclude that I have insufficient capacity to carry through the important task of navigating the days and months ahead.”
He will leave the company in July. AMP announced that it’s commenced an internal and external search for a suitable replacement.
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